World Business News

Lloyds Banking group's record £13.5 billion rights issue will be unveiled today as the bank indicates it is expecting strong demand. The new shares are expected to be offered to the bank's beleaguered shareholders at a 30-55 per cent discount...

Delayed by rain throughout much of October, farmers in the upper Midwest region are feeling the pressure now to finish harvesting corn and soybeans before snow starts falling on the area. Statistics released by the United States Department of Agriculture’s...

Analog Devices ( ADI ) gave better-than-expected guidance for the fiscal first quarter of 2010 while fiscal fourth-quarter earnings also beat analyst estimates. For the first quarter, the company forecast earnings from continuing operations to range between 36 and 37...

REI-UN said Monday it will raise another $100.9-million by issuing new units. The country's largest shopping mall trust will sell 5.5-million units at $18.35 each in a bought deal offering, a slight discount to Monday's closing price of $18.70. While...

But the sector will still need $22 billion in investment – while import duties on foreign-made cars will have to rise to at least 40%. VTB Analyst Elena Sakhnova says the decision now facing the government stems from past policy failures....

Industrial metals are also benefitting from bets that an improvement in the world economy will lead to an upturn in demand. Gold reached a record of $1,173 an ounce in New York , boosted by weaker US currency. "Gold appears...